Compare Newbury Building Society mortgages

Depending on your reasons for borrowing and personal circumstances, there are various different mortgage products that may be appropriate.

First Time Buyer mortgages

The Newbury offer various options to make buying your first home more affordable. This includes mortgages for shared ownership, Help to Buy mortgages backed by the government and discounted rate mortgages where interest rates are cut for an introductory period to make repayments more affordable.

Buy to Let mortgages

You can borrow up to 75% of a property’s market value as a buy to let mortgage with Newbury Building Society. This option is available both to private individuals and limited companies. The Newbury also offers mortgages for up to 60% of a property’s value specifically targeted towards ex-pats looking to invest in rental property.

Remortgaging with Newbury Building Society

Remortgaging can allow you to cut your monthly repayments or increase your borrowing so you have spare cash for home improvements or other purposes. Switching your mortgage to the Newbury can allow you to borrow up to 75% of your property’s market value.

Second charge mortgages

If you don’t want to give up your existing mortgage, or want to take your total borrowing up 75% of your property’s value, you may want to look at an entirely separate secured loan. This allows you borrow against your property without interfering with your existing mortgage and is often known as a second charge mortgage.

Some lenders will allow you to take your combined borrowing up to 90% of your property’s value in this way.

Loan to value ratio

To get an idea of how much you might be able to borrow you need to look at both your income and your loan to value (LTV) ratio. This shows what percentage of the value of the property you want to buy you will be allowed to borrow. Most mortgage lenders will tell you on their website the maximum LTV they are willing to offer on specific mortgage products.

So, if you are looking at a £100,000 property and your lender is willing to give you an LTV of 70%, this means you would be able to borrow up to £70,000. You will need to provide the balance as a deposit. In general, the lower your LTV, the lower interest rates you will tend to be offered.

Find the best deals on mortgage rates

When you are looking at taking out a mortgage, it is important to get the best deal possible. This can be difficult, however, with so many different providers and products to choose from. Our mortgage calculator makes things simpler by showing you top deals from across the market all in one place.

To use the mortgage calculator, just head to the top of the page and share some basic information, including how much you need to borrow and how long for. The calculator will then compare your requirements to the best deals available and match you up with the right ones for you.